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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 2 Total SA.

Oil 418
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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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The Rhodium Group, an independent research provider, estimates that, after a sharp uptick in 2018, US greenhouse gas (GHG) emissions fell by 2.1% This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. Coal-driven decline.

Coal 370
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Why EVs Aren't a Climate Change Panacea

Cars That Think

Electric cars will not save the climate. This is not to imply in any way that electric vehicles are worthless. Transportation accounts for only 27 percent of greenhouse gas emissions (GHG) in the U.S.; It is completely wrong,” Fatih Birol , Executive Director of the International Energy Agency (IEA), has stated.

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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes. billion tonnes.

Emissions 370
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EPA GHG Inventory shows US GHG down 1.7% y-o-y in 2019, down 13% from 2005

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The US Environmental Protection Agency (EPA) released its 28 th annual Inventory of US Greenhouse Gas Emissions and Sinks (GHG Inventory), which presents a national-level overview of annual greenhouse gas emissions from 1990 to 2019. CO 2 emissions decreased 2.2% from 2018 to 2019. Total GHG emissions in 2019 were up 1.8% Source: EPA.

2005 418
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3.8% drop in EU’s greenhouse gas emissions in 2019; transport emissions rise

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Total greenhouse gas emissions in the European Union (EU) decreased by 3.8% The large decline in emissions, achieved before the COVID-19 crisis, was mainly due to reduced coal use for power generation. The large decline in emissions, achieved before the COVID-19 crisis, was mainly due to reduced coal use for power generation.

2019 243
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PCAST suggests 6 key components for climate change strategy to President Obama; adaptation and mitigation

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The President’s Council of Advisors on Science and Technology (PCAST) released a letter to President Obama describing six key components the advisory group believes should be central to the Administration’s strategy for addressing climate change. Improving coordination and support for research efforts on climate change preparedness.